Building a multi-energy company
Our ambition
We have committed to profoundly transforming our production and sales while continuing to meet the energy needs of a growing population. To do that, we are reinventing and diversifying our energy offering to promote renewable and decarbonised energies, as well as sparing, well-considered use of fossil energies.
Renewable electricity
We are continuing to expand in the renewable energies market (wind and solar), with the aim of becoming one of the world’s top five producers of renewable electricity. Our goal is to produce 100 TWh/year of electricity globally by 2030.
To meet the UK’s increasing energy demand but with lower carbon emissions, we are making major investments in electricity generation from renewable sources. This includes Seagreen, a 1.1GW fixed-bottom offshore wind farm situated 27km off the Angus coast in Scotland which was fully commissioned in October 2023.
We are also developing:
- Outer Dowsing (1.5GW) off the Lincolnshire coast
- West of Orkney wind farm (2GW) off the north coast of Scotland
- Erebus (100MW) in the Celtic Sea
In the solar sector, we are developing projects across England and Wales, amounting to around 1 GW of power.
We are also developing our distributed generation business, working with businesses to adapt their sites to generate their own electricity using photovoltaic panels.
Flexible energy generation
To combat the issues of intermittency - when the sun doesn’t shine, and the wind doesn’t blow - we require flexible sources of energy generation that are quick to respond to energy demand.
In 2024, we acquired the West Burton B gas fired power plant in Nottinghamshire. The 1.3 GW plant includes a 49 MW battery storage system and can power 1.8 million homes.
Combined-cycle gas turbine plants such as this one can be mobilised to generate energy within one hour and are essential in supporting the UK’s transition to a low carbon economy.
Carbon Capture & Storage (CCS)
Carbon capture and storage offers a way to help reduce CO2 emissions from industries and industrial clusters that are difficult to decarbonise.
We’re a partner in the Northern Endurance Project, a CCS project with the potential to store 450 million tonnes of CO2 from emitters in the Teesside and Humber areas of Northeast England. Nearly half of carbon emissions from UK industrial clusters come from this region.
Low carbon mobility
We are actively working to make carbon neutrality a shared ambition with our customers. The key to making an effective contribution to the energy transition is to gradually transform the way in which our customers consume energy.
Transport accounted for around 25% of global CO2 emissions in 2021. That’s why we are offering our customers solutions to accelerate the adoption of electric mobility:
- we are developing charging infrastructure, with a worldwide target of 150,000 charging points in operation
- we are upgrading to high-power charging solutions on motorways, with a target of 700 European sites equipped by 2025
- we are producing batteries for electric vehicles
In the UK, we operate one of the leading public electric vehicle (EV) charging networks in London, with over 2,700 on-street charging points in prime locations in the city.
We offer tailored charging solutions to enable business and private customers to travel and charge with peace of mind on the road, at work, at service stations and at destinations including retail, hospitality, indoor and outdoor leisure destinations, and publicly accessible car parks.
More Energy, Less Emissions
How can we respond to current energy demand while preparing for the future? Our Sustainability & Climate 2025 Progress Report tells you everything you need to know about our multi-energy strategy.